Top Alt Coin Picks
Before I dive into this topic I want to remind everyone that I am not a financial advisor and these picks below are NOT FINANCIAL INVESTMENT ADVICE. Ivan on Tech has one of the greatest Crypto NFT’s ever and I think you should read it.
If you’ve read my previous newsletters you know that I look at crypto markets from a macro view first, then I dive deep into each project. These picks below are no exception to this approach and each of these gems below have proven to be long term winners and/or emerging digital asset classes.
I also share the same opinion as many other serious investors in the crypto space, in that, there will NOT be a single blockchain to rule them all. Specifically, I think there will a couple dominate blockchains or side chains that will become the underlining foundation for each industry and/or market segment. For example, Bitcoin has clearly demonstrated its dominance and has successfully built it’s narrative as a “store of value” aka Digital Gold aka “MONEY”. This narrative could change and grow over time into a Peer to Peer exchange of “MONEY” with the integration of the lightning network, but I think this is for only the extremely impoverished countries.
A very large issue in crypto is that 99% of everyone investing do not understand the words they are saying and need to study up. One of the first basic understandings you should have is to fully educate yourself on the difference between Currency and Money. Mike Maloney has an entire free YouTube Series called “The Hidden Secrets of Money” and it’s a MUST WATCH if you’re serious about investing in this space.
What I find absolutely fascinating about this YouTube series isn’t the cinematic quality or narration, but rather the extremely accurate predictions and governmental “solutions” that have inevitable played out. The helicopter money prediction is playing out exactly as forecasted and the scary part is what happens after this. Go find out for yourself by watching the series, Part 1 is below to kick start you on your education.
So let’s pretend you actually agree with me on the “Money” blockchain being Bitcoin, then the obvious next question is what chain is “Currency” then?
In order to answer this question we have to agree that CURRENCY can be printed, minted, but NOT a Store of Value. You see it sounds so normal to call the US Dollar (USD) as a “World’s Reserve Currency”, but Americans are deaf to their own words and still call their dirty fiat dollars, money!
IT IS NOT MONEY if you can print it to oblivion and control the supply, it’s a CURRENCY!
So what crypto is truly a currency and has a dominate stranglehold on this space. Well, it’s Ethereum of course. This smart contract platform is CURRENCY since it can be digitally printed, minted, and is NOT a store of value.
Before you take this wrong, I am a HUGE advocate for Ethereum and I think it will be the best form of currency humanity has ever seen!
My investment into ETH is heavy and I sleep very well at night because the Total Addressable Market (TAM) for CURRENCY and decentralized governance is so massive that not owning ETH is just stupid.
Once EIP 1559 is launched into the London update in July 2021 and ETH 2.0 is launched the “ETH KILLERS” of this space will go to zero. I challenge all of you to take your gains that you’re getting in Layer 2 solutions and be smart with them, because your investment will pump in 2021 but will dump like crazy in 2022.
The other industry chains that are I foresee taking dominance in the following segments are as followed:
Energy Sector: Energy Web
Oracles: Chainlink
NFT & Web 3.0: Lukso
Gaming: Enjin
Enterprise Blockchain: Unibright
Each of these picks above I believe are long term winners with the least amount risk, but there are always new players in the space that moves unbelievably fast. In order to stay ahead of the game and protect your investments you must get involved!
If you have an investment in any project, coin, or token you need to dive deep into the community and understand every nuance. I wrote an in depth review of my approach toward this and how to do your own research.
In summary, Bitcoin is King! All other coins and tokens are along for the ride for now. In other words, all ships will rise and fall with the Bitcoin tide so straighten up your sails or get thrown overboard.
If you’re deep into the Alt Coin Forest, make sure you understand on-chain data about Bitcoin so that you know when to de-risk your portfolio and move into a secure passive yield platform like Celsius Network. I wrote a newsletter called “Crypto Off Ramps” that you should check out if you’re interested in investing like millionaires do and stop buying tickets to Rekt City. Click the button below if this interests you.
Please let me know if the comments what you thought of this newsletter and what topics you might like me to cover next week. Cheers Peeps, HODL on!